More

BALTIMORE STANDING TOGETHER: WJZ, The Baltimore Sun & the University of Baltimore will hold town hall meetings to talk about the issues our city is facing. City leaders will share their plans & answer your questions. Be Heard Baltimore. CLICK HERE to contact us with your questions.

Everyone blames the gas prices on Obama. Big Oil supports the GOP. Big Oil raises prices to increase profits and make their political opponent even look worse. Hmmmm… not hard to figure out there. All I know is that as long as the major Oil companies are still on the list of top 25 most profitable companies worldwide, I will be directing my anger at them.

Hopefully gas prices will soon be manipulated like the employment stats and the markets. Unelected officials took over Washington and the media after the coup and cover up. Even most of the comments online are financed with your tax dollars. Big brother is trying to create the perception of public opinion while burying the truth. They think you can’t handle the truth. Fact of the matter is we have no democracy, president, and freedom of press is an illusion.

Our next election is shaping up to be as big of a sham as the last. Do you know why Sarah Palin’s bus tour was really canceled? Do you know why she stayed 30 miles away from the second debate and chose the death of Steve Jobs to announce that she’s not running? Know what leaked out? Sarah Palin and Cain aren’t in the race for the same reason, the truth leaked out.

Search PalinsDirtyLittleSecret for the biggest cover up in world history before it disappears forever much like me.

Correct…just a few cents per gallon for doing ALL of the work– exploration, processing, refining, transport, etc., compared to the over-half-a-dollar “profit” the govt makes on each gallon in taxes– for doing NOTHING. In addition, the EPA forces all kinds of different gasoline blends per region, grossly inflating transport costs, reducing delivery efficiency and needlessly creating potential shortages.

Exactly right… yet it’s easy for ignorant people to lay blame when they hear the word ‘profits’ – it’s become a trendy fad to hate those who do well and are productive, even though they’re providing a valuable resource for society.
All honest experts agree that even if we use what current and soon to be technologies we have for fuel, we will still use oil for 80% of our transportation fuels. We should be focusing on making cars as fuel efficient as possible, adding hybrid capability to most, electric boost for acceleration, and natural gas for larger trucks and vehicles that need massive torque and power.
However that would actually work and wouldn’t give this administration the excuse and leverage to exert more control where they deem necessary and desirable. The three prongs of desired government control? Energy, healthcare, and education.

Oil companies have NO control over oil prices; direct your anger where it belongs– at OBAMA for, first, his insanely idiotic energy policies; second, his LYING about this DEPRESSION being a “recovery” for political reasons, which causes speculators to bid oil up; third, his STATED GOAL of raising energy prices to this level AND HIGHER; and fourth, the destruction of the dollar’s purchasing power caused by his suicidal fiscal policies…in addition to the destruction of the dollar’s purchasing power caused by Bernanke’s suicidal monetary policies.

RYou are CORRECT! Oil is priced in DOLLARS which is the “Reserve Currency of the World.” If you think Oil is high now wait a few years when the dollar now longer becomes the Reserve Currency. Gasoline prices we are experriencing now will be cheap compared to what they will be.

It is Obama’s fault because he won’t/can’t rein in Bernanke’s printing. Gas isn’t more expensive, the dollar is buying less due to trillions upon trillions being printed. Why the printing? To fuel Obama’s deficit spending and to save his banks.

Excellent Comment Serfcity! Educating liberal demoncrats is almost impossible as they have had extreme indoctrination via Government schools. It’s no accident that the teachers union is totally dominated by demoncrats.

“Democrats have a commonsense plan to help bring down skyrocketing gas prices…”

– Nancy Pelosi, August 24, 2006.

Dems have run the federal government since 1/3/2007 – over five years. What have they accomplished in terms of energy independence? Nothing. All they’ve done is funnel taxpayer dollars to failed green companies like Solyndra. And those companies were run for the benefit of Obama bundlers.

A war in the Middle East will make $5 a gallon gasoline this summer seem cheap. All world economies are slowing down a spike in crude oil resulting from a war with Iran will result in a world wide depression.

Your name implies it all. You have no clue how oil futures work and how the cost of oil is trickled down to the consumer. The oil companies profit you speak of is before tax profit. Oil companies pay more in taxes than any other American company. Its a fact go check it out. I mean that is if you have enough common sense to look it up.

Start with the kook base of the Democratic Party…..the environmentalists who cause us to use all these different blends around the country to “protect the planet” while raising the price of gas almost a buck a gallon.

SpecialEd, if “BIG OIL” raises the prices to harm the Democratic administration, why would the administration argue (in public I might add), that we produce so little of the world’s oil in America, we can’t affect the price? I mean really, stop with the kool-aid, it can become an addiction.

You’re a complete dolt. How about cracking open a book and reading Adam Smith’s easy to read (sorry no pictures for you to entertain you with) “Wealth of Nations”? Profits are NOT bad. Profits allow companies like your PC maker to make possible to spread your ignorance far and wide. BTW, when Bush was in office high gas prices were always his fault. Now that Obama is in office, well, gosh darn, it’s not the president’s fault. How nice.

So…Uh…Did Big Oil “Raise” prices in 2005-2007 also to make Bush look bad? Oh Wait…back then the democrats and liberals all blamed Bush on gas prices. What a double-standard bunch of whiners! you all DO have other choices – its called DRIVE LESS – DONT move 30+ miles from work. Dont drive to every little store for eveyr little thing. Oh wait…THOSE are NOT valid options. Frick!

If it wasn’t for oil companies, you would still be sh itting in an outhouse and wiping your a ss with dried corn cobs. Then you’d be going back into your freezing house, after chopping wood and boiling water for your bath. Then at dusk, you’d be lighting your candles so you could see the bed so you could put the hot coals from the wood stove into the copper bed warmer, then crawl into your bed and start to shiver after another 15 minutes. Then wake up and drive your horse wagon to get some more wood. Yeah, those stupid damned oil companies, who needs them

Your nickname explains your foolish/ignorant answer!
Companies; ALL companies are in business to make $$$; to make a profit!
While “resident” (thats NOT a typo!) obama does not directly control the price of fuel/oil/gas; HOWEVER his asinine policies have weakened OUR Republic AND are a BIG factor in the current oil/fuel/energy price crisis; and it IS by design (according the SOB’s own words!)
Nov. 2012 “IS” the time AMERICA!
WE MUST SAVE OUR REPUBLIC!
NO MORE “resident” obama, her worshipFULLness mooochelle “antionette” AND the entire cabal of socialist/marxist czars!!!
Nov. 2012 ABO=”ANYBODY” but obama!
GOD BLESS AMERICA! GOD “SAVE” THE REPUBLIC!!!

The number one reason gas prices are going up is that the value of the dollar is worth less and less and gold prices are very high. Oil value is based on the value of a dollar. So for example if a barrel of oil market value costs 105.00. That value is 105 times the market value of a dollar. Summing this up, the price of oil is actually below average. The price of gas would probably have to rise like 50 to 60 more cents to be average. So as long as gold rises in value so will gas. This all takes me back to the dollar and The Fed.The dollar is a floating, undefined, fiat currency which needs to be backed by gold and not continuously printed.

Well you name explains the silly post. Of course not everyone blames Obama, the morons that blamed Bush the last time oil went up are the FIRST to give Obama a complete pass. Funny how oil shot up entering election season, triggering a economic crash that cost the GOP any chance of retaining the White House… why would big oil let that happen, if they supported the GOP?

Oil prices are up for very simple reasons:
1) We have limited oil production around the world and sadly the nation that has the LARGEST oil reserves (the United States) refuses to tap into it.
2) The dollar has been devalued greatly (i.e. inflation) because of the Fed and administration policies. Oil is purchased in dollars around the world, as it is the world reserve currency (though thanks to poor policy that is coming to an end soon which will further devalue the dollar).
3) Tensions in the Middle East, particularly Iran threaten a major conduit of oil transportation.
4) The cost of regulations keeps going up, over 10,000 new regulations so far under Obama costing the private sector 46 billion annually.
5) Many states taxes on gasoline have gone up, those costs are passed to the customer.
6) The OPEC cartel still rules the global oil market, setting supply as they see fit to affect prices.
Simpletons and idiots will look at a list of the most profitable companies and say it is their fault, mainly because you are too ignorant to understand the difference between total profit and profit margin. Larger companies will bring in more revenue and profits, even if they have a small profit margin. Exxon brought in almost 500 billion in revenue but only 170 billion in profits. So profits are 30% of revenue. Whereas a company like Apple brings in 108 billion in revenue but 48 billion in profit which is 45% of revenue.

And just think, all these high gasoline prices while we are mired in an Obama induced depression, with US gasoline demand down to 15 years lows. If we get some grownups back in charge and the economy ever actually recovers and people have jobs to drive to, gasoline will go up even more.

The simple answer is to make more, domestic energy production could rival Saudi Arabia within years, creating millions of jobs and flooding the global oil market with US oil, driving prices down.

Time to grown up SpecialEd and stop throwing out nonsense, that defies even Kindergarten logic.

Joe, you give me hope that not everyone is stupid. Thank you for your thoughtful, truthful layout of the facts. We can only hope that this administration and its war on capitalism is thrown to the curb this fall.

The oil companies make an average 8% profit which is in line with other types of businesses ($ amount may seem high because they sell a large amount of oil). Now the state and local government on the other hand make about 12% on oil at the current market price just at the pump, when gas is cheaper their percentage is higher. Add into that the BILLIONS of dollars the oil companies pay in corporate income taxes (we have the highest in the world) and you will see who is making the money off oil. Hint – It’s not the oil companies.

It is Obama and his radical green socialist who are responsible for high gas prices. Under Bush, gas was below 2 dollars. Its Obama’s economy, he owns it and will be defeated in November…Bye Bye Barry…

It is time to realize that we need to nationalize all energy resources in the US as a matter of national security. These prices are effecting everything in the economy and represent a direct threat every aspect of daily life. All of this for a “free market.” How free is a market that can make daily community a struggle, and cause food, and everything else to go up to these levels? Nationalization of these energy resources and their production, is the only choice.

Supply and demand. Restrict supply of a commodity and the price will rise. After the gulf oil spill permits were stopped. Keystone pipeline stopped. It is Obama-he is even saying on tape in 2008 that he wants $ 5 a gallon gas. You voted for this. Profits, my but. You are a stupid tool of the socialists. Do us a favor and shoot yourself in your pea brain.

So, SpecialEd, will you ALSO be directing your anger at companies like Microsoft and Apple who have HUGE profit margins vs the 7 or 8 percent of oil companies? Or will you be directing your anger at Dept of Energy Chairman Chu who WANTS gas to be in the vacinity of $12.50 a gallon!! Wake up Ed!!!
Or perhaps you should turn your anger to the EPA that is SQUASHING our energy independence!!! Here in America we have HUGE oil reserves available to us, except the tree huggers are in charge and we are NOT allowed to drill!!!

it’s the strength of the US Dollar. Barrels of oil are traded in US Dollars. When the dollar goes down the price of oil goes up. The dollar will continue to go down over the longterm and so too will the cost of a barrel of oil. Nobody ever seems to pay attention to this component in the price of oil.. granted there is speculation, and we are a war economy, and we are quite possibly going to enter some form of armed conflict with Iran.. that doesn’t much help either. But ultimately, the US Dollar buys the worlds oil.. almost all countries trade US Dollars for barrels of oil.. and the longterm strength of the dollar is always decreasing. There is no bottom to the US Dollar which means there is no cap in which a barrel of oil will cost. We could very well see $200+ barrels of oil if the dollar gets extraordinarily weaker.

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths… the Four Horsemen of Banking are also among the top ten stock holders of virtually every Fortune 500 corporation…

I wasn’t aware that “Big Oil” raises prices. I was apparently under the delusional idea that prices were set in the GLOBAL market, based on the perceived notion of supply and demand (global demand is up, and global supply is currently down). Oil companies set their profit margin between 8 and 10 CENTS per gallon (depending on the company). The Federal government sets it’s profit margin at 18 CENTS per gallon. And the States vary anywhere between 40 CENTS and 239 CENTS?

B) When it comes to profits, the oil companies don’t hold a candle to the federal and state governments (the government is the one REALLY raping you).

C) If “Big Oil” supports the GOP, why were oil prices at an all-time high during the summer of 2008 (an election year)? Wouldn’t an all time low have been better in order to get a GOP candidate elected?

D) Take an Econ 101 class!

E) You local gas station isn’t owned by an oil company. Those pumps are owned by a private individual that sets prices based on supply/demand and based on what his/her neighboring competitors are charging.

And I forgot to mention that oil is traded globally in US Dollars!!! Thanks to the Fed’s devaluation of the USD, thanks to QE1, 2, and 3 (printing a ton of money out of thin air), they’ve devalued the USD and, as a result, it takes more US Dollars to purchase a barrel of oil.

You name says it all. Keep voting democrat. – lol. Gas was below $2.00 a gallon when Bush left office. Obama’s Energy Secretary has stated under oath that we need to have Gas prices on par with Europe’s. Socialist do not want people driving. They want you to use public transportation. High Gas prices is what they desire. Change you can believe in !!! lol Every time I pass a car on the side of the road I honk my horn and wave because I know that another Obama supporter has reap what they have sown.

Actually, the federal reserves loose money policies are driving commodity prices. Oil is not the only commodity skyrocketing, just the only one you notice. Food, gold, copper and the stock market are also steadily going up.

The profit per a barrel of oil is FAR FAR lower than then the profit per barrel of coca cola, but you never complain about that do you?

The reason why the oligarchs get away with fleecing you through the federal reserve system is because you blame price increases rather than money supply increases for price movements. This collective ignorance has brought down many countries.

WHen Gas was $3.50 a gallon under Bush the press and the libs blamed Bush. Kerry was talking about jawboning down the prices and smoking peace pipes. $3.50 a gallon under Obama and the libs say “Oh the president cant do anything about it”

“All i know” Is the oprative phase here. How in the world do you think “increaseing” oil proucers expense will bring down prices? Just explain that thought to us. Now if we were to increase the “supply” of a commodity what do you think would happen.?
It’s hard to repesct anything who is incapable of logical critical thought.

SpecialEd you are either a: not understanding of market forces b: an Obama lover or c: an idiot. I think b and c. Big Oil, as you put it are only responding to market forces. They don’t want to push high gas prices, but the supplier of oil, mostly the Middle Eastern countries, set the market price. They are the ones driving the high fuel prices. If your idiot president had allowed more drilling for oil and natural gas, along with the processing of shale oil, we would be the ones who would be setting the prices. But Obama is in bed with the environmentalist nuts and cannot go against them. So there you have it. Sorry to burst your bubble about your saintly president, but Obama’s energy policies are the reason for the gas prices.

SpecialEd you are either a: not understanding of market forces b: an Obama lover or c: an idiot. I think b and c. Big Oil, as you put it are only responding to market forces. They don’t want to push high gas prices, but the supplier of oil, mostly the Middle Eastern countries, set the market price. They are the ones driving the high fuel prices. If your idiot president had allowed more drilling for oil and natural gas, along with the processing of shale oil, we would be the ones who would be setting the prices. But Obama is in bed with the environmentalist nuts and cannot go against them. So there you have it. Sorry to burst your bubble about your saintly president, but Obama’s energy policies are the reason for the gas prices.

Your a fool…………………… Obama wants you to drive an electric car. Even if everyone did, you still need electric to charge the cars.. Not enough sun and wind power to charge those cars. He wants gas high so you will buy a 50K Union built electric car.. Gas was $1.65 when he went into office.. Oh wait, killing 250K oil jobs down south, stopping and new drilling and making the permits impossible to get, yes that’s the GOP’s fault.. Your a moron..

Do you also direct your anger at corporations like Apple or Coca-Cola or Johnson & Johnson? They’re among the 25 most profitable companies in the world.

The reason gas prices are so expensive is our government is restricting access to domestic supplies of energy, they’re devaluing the dollar by having the Fed print trillions to buy up our own debt(euphemistically called “quantitative easing”), foreign countries have a growing demand for oil, and the Middle East is in chaos.

Is this all Obama’s fault? No. But the restrictions in drilling and the out-of-control spending are.

Was it the oil companies who put a moratorium on drilling in the Gulf, fights new drilling, won’t allow drilling off the Atlantic coast, and killed the Keystone XL Pipeline, AND mas made regulations that result in refineries closing down?

Special ED you may need special ED. Gas companies are making record profits, and also paying record taxes. Oil company income spread is less then 10%. Just think how much money the US goverment would make drilling domesticly. Not to mention the number of people that would be employeed.

I would hope the oil companies are profitable, as a % of profit they are at the lower end, they just do huge volume. The demonizing of the oil companies is stupid, why is it necessary to hate large profitable companies? The non thinking, uninformed people in this country are the ones the left appeals to. Why else would they be against a simple picture ID, provided at no cost and all folks have to do is prove they are here legally? I just don’t get how you folks think.

I guess you have never heard of OPEC, you know where we by most of our oil and who is controlling price per barrel. Special is as Special does. Dont forget to have someone whipe the drool off your chin.

SpecialEd, it looks like to me you need special Ed. Do you know Economics 101? Supply & Demand controls prices. Oil companies cant change the price of oil any more than the grocery store can change the price of food. They can but if it’s too expensive, people will go to another company and you will lose a sale.

High gas prices are due to the debt that Obama has tripled in three years. The value of the US Dollar drops requiring more dollars to buy the same product. It isn’t production or supply or demand. It is the weakening dollar.
Ask yourself this: Who profits the most from a gallon of gas? Gas station? No.
Refinery? No. Distributor? No. Truck Delivery? No. Oil producer? No. The State and Federal Government? Yes. They do NOTHING to produce the gas yet make the most money. It is 100% proftr as they invest nothing in materials, labor, refining, or delivery. Yes it is Obama.

I’m guessing that you weren’t defending Bush when he was getting the blame for high gas prices. Oil was $140 in the summer of ’08. Then, Bush announced that he was opening up federal lands for exploration. Then, when Obama took office, oil was $33. So, I’m not buying that he can’t have an effect on oil prices. If anything, everything he’s done has helped the price continue to go up.

Oil companies net profit are much less than many tech companies as a percent of revenue. They’re profit levels are a result of the massive amount of sales. Last I heard, oil companies make 7cents per gallon. The federal government takes in a bigger share than that. Apologizing for Obama isn’t going to change anything. If you want to help, vote for the other guy.

btw, the “big oil companies” that you’re angry with are all in the middle east.

Just watched a piece on the number of drilling permits during the Obama rein. It is somewhere in the 4000 area during Bush and before it was 6000. This means serious shortage in the not too distant future. GEE aren’t we lucky. The middle class pays for all this with their sweat and toil while the Obama clowns party in the White House. Cant wait for November 2012

These high gas prices we are experiencing today are the direct result of the Bush administration. They knew before they left office that Cheney would need a heart transplant. Bush and the oil industry timed the rise in gas prices to coincide with Cheney’s heart transplant in the hopes liberal wouldn’t notice. Bush also knew Obama would win, and as part of the scheme, timed Cheney’s heart transplant with the election year, kind of a two for one. — Your handle is appropriate, SpecialEd.

Gas prices are increasing because the value of the dollar is decreasing because we borrow .40 out of every dollar spent. The 16 trillion debt causes our currency to be worthless, so everything we buy costs more. Like this? Vote for a democrat.

Then you’ll not see the prices come down any time soon. People should once and for all realize that it is economic policy that determines the price at the pump. This is not admitted by any of the left but when fuel prices reached their highest point in the Bush administration, he set the policy to explore and develop all known reserves. Once that was put into the speculation equation, the prices came down. Obama is going around telling lies trying to convince Americans that we have 2% of the world’s oil supply and we use 20 %. Information for governmental sources say that we have more oil than Saudi Arabia. Somewhere in the neighborhood of 1.4 trillion barrels. That’s not even counting all the natural gas which is now being developed on private land along with the shale oil by private enterprises. BTW, when Bush did that, the price per barrel of oil dropped from $140 dollars per barrel to $33 dollars per barrel.

When is the lame stream media gong to tie the high cost at the pump to this administration and their lack of an energy policy to bring the price down?

Stop enabling this administration and place the blame where it belongs or these high prices will continue until we replace this administration and their policies.

What an obtuse comment. Oil companies (hyperbolic labels aside) contribute equally to both parties, they send money to whomever is in charge. Finding specious connections between supposed enemies only serves to feed your partisan blinders without respect to how the world really works.

Unfortunately you seem to be an average voter as well, as you failed the understand the basic economics.
Oil price is set by the free market, and is high right now because of the tensions with Iran and the speculation that there maybe a supply crunch if Iran decides to cut supply. Even if production is increased, it will only slightly affect the price as the analysts and traders….who work for the investment banking sector…will bring it back up. The above article also fails to consider this important fact.
So stop blaming Obama…even when Bush was president oil touched 4$ a gallon and the govt could not do anything about it. Only reason it came down back then was because of the economic crash.

I, too, hope Obama and his regime get jerked out of office in November’s elections.

But I will not agree with you re: gas prices. I live in what Obama would ignore as flyover country. Most places don’t have the luxury of bus systems, subways, above-ground trollies, light-rail systems or all the other alternate transportation modes.

Plus where I live, and in much of America, where unemployment is high and wages low, such high gas prices will affect many people.

Releasing the SPR won’t affect gas prices all that much. Remember when Clinton did it in Sept 2000 to help Al Gore get elected? Gas prices dropped about 10% for a few months and then shot up again. That’s not enough to get Dear Leader elected again.

Unless we have the kind of REAL emergency for which the SPR created, AFTER he empties it out to try to save his own skin. I for one wouldn’t mind a bit paying $50 a gallon for a couple of months if it helps karma bite him for it.

If Obama wants to crash oil prices (like Bush in 2008), he’ll “announce ” lifting the moratorium on oil drilling in the Pacific. Bush did that in the summer of 2008, where we went from $4.00 to $1.85 in a matter of 2 months. It was symbolic, of course, as the Pelosi Congress wasn’t about to lift their moratorium. But the price of oil crashed under the perceived market perception.

Obama, while smart (unlike his political base), could do this but won’t, because he can’t get reelected without his base.

And, of course, “global markets,” while completely ignoring the West Texas crude oil market the largely dictates gas prices in the United States. Would help if we had more refineries (thanks, ethanol idiots), more pipelines to speed up delivery (thanks, Obama) and more domestic drilling (thanks, Dems and Obama).

He’s going to have to open his used-to-expensive-foods-and-drink piehole and announce to the world that he’s immediately opening all federal non-park land, on and off shore, to exploration and production.

And that he will have DOE, EPA and whatever other federal agencies expedite any required approvals/permits/whatever.

It’s OK. Every time I have to pay these exorbitant costs to enable me to commute to work (there is no public transport), it is as if I am paying to evict Dear Leader from the Oval Office. I am looking for the pony in the pile of excrement.

These are Romney’s friends on the wall street making billions in profits while sucking blood from American consumer. Blaming Obama for the wall street thuggery is not the answer. Wall street is financing the GOP.

tonyl, do some research. Obama’s largest financial supporter in 08 WAS Goldman Sachs! You can search on this thing called, GOOGLE, you may have heard of it. There is a Top 10 list of financial donations to Barack Obama.

I see Tony is another one of the OWS stooges who hasn’t a clue what the hell he is talking about. Check the cozy relationship between Obama and Goldman Sachs, for example. But, that would be an inconvenient truth for obtuse liberals.

Stop the speculation and market manipulation fabricated by the oil companies. They are buying their own oil to create a demand which does not exist in reality. Oil is a crucial commodity for a life line of a nation and its citizens and economy. It should not be allowed to be used for speculative profits. Oil companies are making billions in profits every month at the expense of the consumers with no competition. They control the supply and demand.

85 % of the oil supply is sovereign owned (Venezuela, Saudi Arabia, Iran, etc.). The oil companies own very little of their own oil. As long as this is the case, any geopolitical event involving the listed countries are going to drive up prices. The oil companies control very little of the supply. If the US made even the slightest threat of increasing it’s own supply (i.e. Bush lifting the off shore drilling moratorium in July 2008 when oil was $148 barrel) the price would drop like a rock just like it did then.

China produced just 1.56 million automobiles in 1998, and by 2012, deliveries of passenger automobiles has reached 2.37 million per month. Experts are now revising 2015 forecasts of China’s crude-oil consumption to 13.6 million barrels per day, a level that is triple where the country was in 1998.
China isn’t the only growing source of demand, either. India’s oil consumption grew 40% from 2001 to 2009, and other emerging markets around the world are more than making up for any reduction in demand from the United States.

“somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” Steven Chu, 2008, now Obama’s energy secretary. Gas in Europe is up to 9 and 10 dollars. Reelect Obama so they can get it all the way up there.

Gas prices will go up during the summer months? Wow, thanks for the hard hitting in-depth reporting MOTO (Master Of The Obvious). It has happened every summer I have been driving (like 30 yrs). The problem is how high the prices are before the season. Try looking into that one………..oh wait, it might unveil the administrations poor energy policy, so you better continue to hype the summer angle.

This is what happens when Obama spends 100 billion dollars on solar panel and other BS green energy(that only benefit Obama’s campaign bundlers who are behind these schemes), the result ending up being meaningless because the company goes bankrupt and the employees fired. New oil leases on public land went up 50 percent under Clinton, 120 percent under GW Bush, but down 40 percent under Obama.
There was discovered on Obama’s watch 1.5 trillion barrels shale discovery in Texas. We have 500 years worth of coal and shale EACH. And crude oil. Over 120 years worth of crude oil that is technically recoverable with current equipment. Yet Obama and his EPA goons are tying America’s hands behind it’s back and he wants gas to ‘necessarily skyrocket’ and he appoints an Energy secretary who said he wants ten dollar a gallon gas. And he gives himself an A for doing his job. Why know. Gas prices have doubled under Obama’s watch. Half way there to matching the eight to ten dollar prices Chu promised.

Obama is a horrible President. He’s kept a huge deficit spending program going, raised the national debt exponentially, foreclosed on millions of homes, put millions on food stamps, and he’s going to double down if re-elected.

Obama is a racist Marxist most comfortable with a totalitarian regime as America’s government, so long as he’s the boss.

It’s govt regulation and a restricted no-oil policy by the Odama and the greenies, why gas is so high. >95% of each gallon of gas is TAXES. The GOVT are the greedy ones, not the oil companies, who are simply providing a product. Sheeple.

Pllease someone tell me my math is wrong! But you look at gasbuddy’s 6 month chart, prices have increased an average of .0068 cents per day since it’s low point in December 2011. If this trend continues for four years -gas prices will increase $9.99 to an estimate of $13.86 a gallon. Yikes

“Big” oil profits are something on the order of 6-7%, less than half, conservatively, of the taxes same pay. The profit to margin ratio is not overwhelming. The big costs are research, exploration, development and, of course, taxes.
The profits are much less than McDonalds, but the FLoTUS is doing what she can to lower McDonalds profit to margin ratio.
People who are ill-informed of the real situation and judge it only on their visits to the pump make their decisions much the same as people who base their decisions on the words of administration officials who have never actually worked in the areas they control but tell Americans exactly how they should deal with the problems.
There is more than sufficient manipulation to cover all of the causes,

Present-dent Bumbling Barry Oblamo – it’s not his fault, not even a tiny bit. It must be that evil GW Bush consorting with big oil, or congress, or the Arab Spring, or those evil wall streeters. Inept, incompetant, unqualifed, on the job training present-dent Barry, and the inept socialists and misfits he filled his adminisration with have NO responsibility for this -even though 4 short years ago they blamed Bush and Cheney for exactly the same – well not exactly as prices are now 25% higher than the highest prices under Bush.

Cheer up, things could be worse. And they will soon be; just wait till gas tops 5 bucks a gallon this summer.

And don’t think it all began with president Oboingo’s disastrous energy policies, keep in mind that Democrats and their environmentalist allies have been shutting down oil and gas exploration in this country for over 30 years.

Hopefully we will get Obama and his party out this year. They have put us in an absolute mess of energy dependence by stopping drilling, stopping building pipelines, and preventing us from developing new oil and gas fields. What a disaster.

Obama’s energy policy in action, yet another violation of our rights. The gov’t constantly violates our rights.
They violate the 1st Amendment by caging protesters and banning books like “America Deceived II”.
They violate the 4th and 5th Amendment by allowing TSA to grope you.
They violate the entire Constitution by starting undeclared wars.
Impeach Obama, support Ron Paul.
Last link of “America Deceived II” before it is completely banned:http://www.amazon.com/America-Deceived-II-Possession-interrogation/dp/1450257437

The number one reason gas prices are going up is that the value of the dollar is worth less and less and gold values are very high. Oil value is based on the value of a dollar. So for example if a barrel of oil market value costs $105.00. That value is 105 times the market value of a dollar. Summing this up, the price of oil is actually below average. The price of gas would probably have to rise like 50 to 60 more cents to be average. So as long as gold rises in value so will gas. This all takes me back to the dollar and The Federal Reserve. The dollar is a floating, undefined, fiat currency which needs to be backed by gold and not continuously printed.

you know, like the lefts favorite whipping boys, the REPUBLICANS, they’ve been brainwashed in that area as well. Since the Arab oil embargo of 1973 oil has been sky rocketing, while new sources of oil have been quashed by the left. BTW who’s probably made billions off of alleged insider members of congress in the left. en energy scams. IT wasn’t the right that banned the Edison light bulb, but the left. The left has no intention of freeing us from foreign oil just continue to lie and quash. they’ve also been brainwashed into believing ”DRILL BABY DRILL” evil. Remember when NANCY PELOSI after former president BUSH over high oil, when it was 140.00 barrel, and the brain dead airhead didn’t even know the cost? You brainwashed airheads of the left, the reason we are being held hostage to foreign oil because you won’t let us drill for it. Bet they invested in that evil HALIBURTON and those alleged bankrupt gre

There is no worse feeling that being helpless & have no control over the powers that make decisions in your life. People need gas to go to work, it’s not a effin luxury. Eventually their will be a revolution & all of Wall st & it’s spectulators should be hung.

you know, like the lefts favorite whipping boys, the REPUBLICANS, they’ve been brainwashed in that area as well. Since the Arab oil embargo of 1973 oil has been sky rocketing, while new sources of oil have been quashed by the left. BTW who’s probably made billions off of alleged insider trading on energy members of congress in the left.on energy scams. IT wasn’t the right that banned the Edison light bulb, but the left. The left has no intention of freeing us from foreign oil just continue to lie and quash. they’ve also been brainwashed into believing ”DRILL BABY DRILL” evil. Remember when NANCY PELOSI after former president BUSH over high oil, when it was 140.00 barrel, and the brain dead airhead didn’t even know the cost? You brainwashed airheads of the left, the reason we are being held hostage to foreign oil because you won’t let us drill for it. Bet they invested in that evil HALIBURTON and those alleged bankrupt green energy scams of OBAMAS as well, I don’t believe in liars, if you don’t believe it, then check members of congress stock portfolios. .

Whend Oblunder took office, George Bush left him with gas at $1.79/gallon gas national average…

seeing as how Obama and the Dims blame Bush for everything else… isn’t it ironic that they don’t seem to mention this little tid-bid when Obama makes his excuses…about how horrible it was when he took office

it seems the cheerleading mainstream media fails to mention it too.

the fact is that Oblather WANTED higher gas prices… he said so and so did his Energy Secretary Chu who, despite his recent election year reversal still wants gas in America as high as Europe.. $9/gallon… I mean how else will they be able to sell their over-priced, fire starting, electric roller skate cars.

and the duplicity is simply amazing…… when gas prices went up under Bush… its was day and night attacks on him, with daily cameos of interviews of drivers who complained about Bush not doing anything about the high gas prices

now, under Obama, we are told that the President has little control over gas prices… well isn’t that convenient!

You are full of bologna!!!! Why would Bush want to see high gas prices and misery on the average worker????? I’m sure you have an answer to that, let’s see…Bush is evil right???? Obama doesn’t give a rats a$$ about your misery fool, he wants to force you and me to accept his vision for America! His vision sucks, Socialism sucks!..Communism sucks! Go have your bologna sandwich!

you know when EUROPEANS visit our country bet there laughing at us when you see what they’re paying for it in FRANCE, GERMANY, and the UK. there getting an price cut here, compared what there paying for back home.

People of the United States: it’s called supply vs demand. Stop blaming big oil. Have you ever actually studied the issue? Do you even know the thousands of products we use everyday from oil? Now that China and India have exploded their demands for the resource yet the world production has stayed fairly flat. natural gas is the answer for gasoline but bottom line liberals and the EPA will continue to block this from happening.

In that the oil companies are controlling all of these prices and gouging it’s customers, I have a suggestion: Take a tube of super glue and glue the locks on the pumps. Simple they take from you: you take from them.

Liberals favorite excuse: It’s not my fault. The fact that stagflation is here bigtime is OBama’s fault. reckless fiscal policy erodes the dollar’s value, and he is the most reckless spender in US history, increasing the deficit by record amounts EVERY YEAR, after promising(lying) he would cut the deficit 50%. More debt in 3 years than Bush in 8. This is why housing still in the toilet, unemployment millions more than 2008, seniors getting destroyed by miniscule rates of return. When gas hit 5 bucks the economy will go into a tailspin once again.

They have to raise the price of gas now because when it’s close to election time, probably the last eight weeks leading up to it, gasoline prices will drastically drop so that everybody will vote for Obama due to falling gasoline prices…so they need to make up the difference now they will be losing those eight weeks; then once he’s reelected, the prices will necessarily skyrocket, just like his intent.

They have to raise the price of gas now because when it’s close to election time, probably the last eight weeks leading up to it, gasoline prices will drastically drop so that everybody will vote for Obama due to falling gasoline prices…so they need to make up the difference now they will be losing those eight weeks; then once he’s reelected, the prices will necessarily skyrocket, just like his intent.

I’m going to drop some $ on a decent bike and ride it wherever it’s reasonable, and save my autos for when they are necessary. Maybe I’ll relocate to a town near the border of Mexico and keep my passport updated. You can fill up in Mexico for a little over $2/gal.

Maybe if Obama would quit borrowing from China while trying to pay them back by keeping the U.S. dollar weak. We would’nt be facing $5.00 gas prices this year.
I’ve been using gas pump activism to beat Obama. Putting decals on gas pumps, on store coolers, drive thru screens, inside menus, etc. They say “These high prices brought to you by Barack Obama” with his picture next to it. They’re reusable and leave no residue (no worries about vandalism) I get them at http://www.gconservative.com feels great everytime I put one up somewhere.

You can thank your failed Messiah president for the thousands of extra dollars you’re spending on gasoline. His catering to the Far Left and Environmental Whackos is costing your family plenty.If he had started drilling domestically, we would have $2 a gallon gasoline. He will continue to lay on the guilt while he persecutes oil companies, insurance companies, banks, and anyone creating wealth for themselves. Why, it’s never his fault, you know. How dare you give yourself or your kids a good life! You’re supposed to be sacrificing! You are supposed to be equal to the crack dealer down the street!

Back when Reagan was President, he said we needed to turn the thermostat to 68 degrees and we needed to be less dependent on oil. That is when we should have gotten serious about our dependency on oil/gas. We should have purchased small vehicles and not large vehicles. People are buying SUV’s and pick up trucks that get lousy gas mileage. I drive a MINI ccoper and I am getting 35/37 miles per gallon. When are the American consumers going to make smart choices….and now people are complaining about the gas prices.

We need a third party that will nationalize US Oil just as Mexico has done and note while gas in Mexico is still around 2 dollars Mexico also use oil to pay for it government.
We can not trust the Democrats to nationalize oil as they will still rape us consumers
and the GOP supports big oil stealing us blind in the name of free trade.
So we need a third party that will also prosecute the GOP and oil lobby under the RICCO AcT ( racketeering law and put them all in jail in Mexico to save us taxpayers money)

Now there’s a great idea – Nationalize US Oil. We could get past that minor issue of stealing other peoples property as easily as we did with GM. Shred that silly Constitution and move on to Utopian communism.
Fredrick39 – Please move to Venezuelan..

Expect more speeches about an “all of the above energy strategy” and meaningless photo opportunities in front of pipelines all summer from The One. Unfortunately, “all of the above” doesn’t go into automobile gas tanks. He thinks you’re stupid.

I have no problem paying for gas. My family’s gross income is about a quarter million per year. I feel bad for those who can’t afford this uptick in prices. My suggestion is ride a bus, train, taxi, subway, bicycle. Sorry..

While some cannot even reach a living wage, people like you make 5 times the amount… I believe in Roman times they called that an Aristocracy or Oligarchy. According to you logic… My suggestion is to jump off a cliff or go to Afghanistan and preach anti-Muslim ideology.

Politicians, oil companies, and Mideast turmoil have been around for decades. The new item (NOT BEING DISCUSSED) is the falling dollar. Did anyone seriously belive that money printing (effectively counterfeiting) was not going to have any long term effects. Just imagine what gas will be when the FED enacts another round of quantitative easing… Can you say $10/gal gas?

Based on the effects we have seen from QE 1 and 2, another round of “Quantitative Easing” of similar magnitude inflicted on the American people would probably “only” jack the price up another $.75 to $1.00. In other words, another round of “free obama money” being handed out might “only” result in gas settling down around $5.00 per gallon.
Don’t worry, your grandchildren’s grandchildren will probably be able to pay it off in their lifetime.

Oil is priced in dollars. The gas prices you see are the effect of inflation caused by obama/bernanke wantonly printing dollars like there is no tomorrow. We are seeing it in oil and food prices first, but it will soon be seen across the board. This is what happens when you vote for a community organizer spewing platitudes about “hope and change”…
The long term damage has been done. You, and the next several generations will be paying the price.
On the shorter term, it should be noted that the last time the price spiked, Bush ended the drilling moratorium, and the price plummeted. obama reinstated the drilling moratorium and the price skyrocketed.
Due to the devaluation of the dollar, it will never be as cheap as it was, but taking the handcuffs off of the domestic oil industry will help.

The prez actualy said “The oil companys are showing a lot of imagination in the way that they are getting there product to market.” It seems to me that he just can’t do enought to stop the flow of oil. But I am sure that he will keep trying.

Let`s hope for $10.00 a gallon gas by November. It is a cheap price to pay rid the country of Obama and CZARS. I know it will hurt for awhile and, if Romney wins put the pressure on to lower them through drilling. Tell the Liberals and environmentalists to pound sand and wipe their noses.

Get rid of ethanol and have only two blends of gasoline and the price would drop about fifty cents. Create more supply, pipeline and domestic drilling the price would drop another fifty cents, The price would drop another buck by institution of the previously stated actions by speculators.

It is all Bull s h i t ! Back in 2008 the same thing happened. All year long gas prices climbed to $4+. After the election, suprise, they began to fall bottoming out in the low $2 range. We are being F U C K E D. TIme to take control of energy away from free enterprise…or just start stealing gas tanker trucks.

I think we all can agree that President Obama has done eveything in his power to lower gas prices for US Citizens…And we all can agree that democrats in general want people to have lower energy costs. Dems know that lower energy prices equal more freedom and everybody knows dems are for more individual freedom for people.

Are you nucking futs??!! He has done NOTHING to lower prices. Read the news… the REAL news, not Fox, CNN, MSNBC, or any of that. Look at what has HAPPENED… NOTHING. Wake up, dude. He has done NOTHING but lie, manipulate, cheat, steal, and whatever else you want to call it.

No matter what is causing the high gas prices the obama administration along with the environmental nuts will be elated that they are going to keep increasing. If it does continues that will help them save the planet from the dreaded global warming/climate change (or whatever you want to call it today) hoax by forcing people to buy smaller vehicles. They know that if the price of gas is affordable people will want nothing to do with the go green c**p they are trying to cram down our throats.

Obama has done everything to lower gas prices…PLEEEEEEZE. The man fast tracks the XL Pipeline to NOWHERE. That is right…it does not connect to the source of energy…Can anyone say Canada. So…he’s going to let it go to Oklahoma…great…the PIPELINE TO NOWHERE. Drilling for shall oil…nope…can’t have that either.

But…all you Dems…If the Saudis decide that they will pump more…whalla … the price of oil goes down.

On another note…Obama’s EPA just shut down more of your power plants. I hope you plan on buying wood this winter to keep warm…because you won’t be able to afford electricity. You do remember his words ” Electricity rates will necessarily skyrocket under my administration”. Oh well…there is always solar and wind…hope the wind blows and the suns shines because we are up the creek.

This is why this man need to go…and fast along with his czars…his EPA people and we need to get Congress (with a super majority) to take away the rights of the crazed EPA.

When prices went up under Bush he did something. He opened more areas to drilling. Prices started to drop before a drop of oil was pumped. Obama could do the same but he is on the payroll of Big Green and they hate humanity so all oil is bad.

Let see, The Mesiah took over part of the auto industry, the healthcare system, gave Brazil 2 billion dollars so they can boost their oil production, of course he is the the food stamp king, but he cant do anything to lower gas prices, hmmm maybe he’s not the MESIAH after all. {sarc}

All you Libs blamed Bush for being a big oil man but now you don,t want to blame Obama. You can’t have it both ways. Besides the prices are already higher in March than they ever were during W’s time. Hypocrites!

As long as there are politicians willing to rake in profits from hight gas prices. The cost to the consumer will continue to go up. By the way, despite the official claims, the price of gas has very little to do with the price of oil, if it did, the price of gas and heating oil would only be about three dollars.

Yes, it is Obama to blame. This is what this monster wanted. It is he who is guilty of almost every sin known to mankind. He is a Spawn of Satan himself.
The nation will be in ruin soon because of the demon Obama.

Then you’ll not see the prices come down any time soon. People should once and for all realize that it is energy policy that determines the price at the pump. This is not admitted by any of the left but when fuel prices reached their highest point in the Bush administration, he set the policy to explore and develop all known reserves. Once that was put into the speculation equation, the prices came down. Obama is going around telling lies trying to convince Americans that we have 2% of the world’s oil supply and we use 20 %. Information from governmental sources say that we have more oil than Saudi Arabia. Somewhere in the neighborhood of 1.4 trillion barrels. That’s not even counting all the natural gas which is now being developed on private land along with the shale oil by private enterprises. BTW, when Bush did that, the price per barrel of oil dropped from $140 dollars per barrel to $33 dollars per barrel.

When is the lame stream media gong to tie the high cost at the pump to this administration and their lack of an energy policy to bring the price down?

Stop enabling this administration and place the blame where it belongs or these high prices will continue until we replace this the whole lot of them and their policies.

It’s not Obama’s fault gas prices are high, at least not in the way people are thinking. Oil production is actually at an all time high. Don’t get me wrong, I can’t stand Obama; he’s a criminal. But you have to find out what is really happening. What’s causing the rise in prices is bad monetary policy. The speculation is part or it, but the real culprit is the money supply we’ve been inflating. It’s starting to get out of control here. When you have more of something, it loses value. We’ve more than tripled our money supply over the past ten years. When money loses value, prices go up. I’m sure everyone’s noticed going to the grocery has been getting insanely expensive for awhile now, right?

Just want to say your article is as surprising. The clearness in your post is just excellent and I could assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the gratifying work.